The Unassuming Economist

From a paper by Maria Luísa Vasconcelos, Sandra Bernardo, Fátima Rocha:

“This article explores the relationship between polycrises, the weaknesses of neoliberal models, and
the evolving role of the State in managing uncertainty and promoting resilience. It argues that neoliberal policies, marked by deregulation and reduced State intervention, have deepened structural vulnerabilities, making societies more susceptible to systemic shocks. In response to interconnected crises, the State must be repositioned to play a more active role in market regulation, global coordination, and social protection. This shift calls for adaptive governance, and enhanced international cooperation, rather than a return to traditional interventionism. The study employs a qualitative methodology, using descriptive, explanatory, and interpretative approaches to analyse political dynamics in the twenty-first century.”